Can I invest in a coffee shop in Thailand while holding a DTV without working?

@Greg *******

do you understand how tax law works?

If you live here, that’s resident for more than 6 months, you are liable for declaring tax on ALL income.

But most countries will have a double taxation agreement with Thailand so you would technically only be liable for the difference.

The problem that will come is they can see how much money you bring into the country, and if you don’t file a return then you will probably have issues at some point. Might not be for a while but it could be a problem in the future.

No different to anywhere else. You would be good to take advice on this if trading anyway and not resident anywhere else. There could also be benefits to setting up as a business in 3rd country to minimise the tax liability.

What you shouldn’t do though is think because I make money elsewhere that it’s nothing to do with me living here. Because it most certainly is.

Oh and if you are talking about the DTV and how that will work when everyone works remotely, it will be exactly the same. People will get caught out if they don’t prepare and understand this.

Also consider if you are here on any type of visa that doesn’t allow work, remote work will be breaching immigration law which would possibly lead to deportation.

All I’m trying to say is, don’t bury your head because others do. People get caught, kicked out, and all sorts all the time here and you’ll never hear about it.

Currently over 1000 people a week being rejected entry just in the 2 airports in BKK. Because tourist visas and bounces have been abused.

@Kevin *******

Thanks for the dissertation - it really was not needed :-)Not "ALL" income is taxed - currently only income remitted to Thailand. One tax official mooted the proposal of tax on all income for Tax Residents but that would take a change of law. Anyway - not my problem. I am tax resident in Thailand and have been for years and my taxes are submitted each year in accordance with the rules. Stop trying to teach your granny how to suck eggs. Are you ax resident and submit a return each year in Thailand?

@Greg *******

well then, you already know. But don’t be so sure about where you stand. As the laws are constantly moving so any money you bring here will definitely be taxable or at least reportable. But they are definitely looking to change that to all income regardless of bringing it here or not.

And there are many many people that will read this and be educated. So it’s not just about YOU.

@Kevin *******

You are not even tax resident in Thailand are you? You have never filed in a tax form outside the UK have you? You were responding to me and giving me tax advice lol

@Greg *******

what makes you think that? I mean it’s a big assumption to think that. Just because I’m British I have never filed a tax return anywhere else?

Actually I have to file in the UK, Australia, Norway and next year in Thailand.

As for what I know, probably a lot more than you right now. About many things.

I mean the fact that you actually believe you are not responsible for getting the tax wrong if you are paying a specialist here is laughable. Haha

@Kevin *******

So you have no clue about Thailand except what you have read. I wager much of what you have read has been supposition from newly minted tax experts. You got most of your facts wrong and the rest was about what might happen. Then you try to teach your gran how to suck eggs once more. In any jurisdiction the taxpayer is responsible in the last resort and not the tax advisor. Do you have degrees in stating the bleeding obvious?

@Greg *******

oh I bow to your mighty intellect and wisdom of thinking you know more than others. You must feel so good trying to put others down which by the way is all you have done. I commented on what the rules are about a specific situation. Which by the way IS right. But whatever.

@Kevin *******

You were the one that jumped in giving all sorts of advice pal. You also had factual mistakes and were making assumptions about the future. You were the one with the condescending manner. Just returning it in spades as you are not as knowledgeable about the Thai Tax System as you claimed. Pomposity deserves disdain in some cases. Bye

@Kevin *******

I can assure you I know exactly where I stand. Monies brought here have always been reportable even if not assessable (Pretty obvious you know sweet FA about this BTW) The same international tax consultants have been completing my returns for years. I will follow their advice rather than an amateur such as yourself. Thank you and bye PS: I bet you have been listening to these newly minted tax consultants that have sprung up since late 2023 - stop bedwetting. Have you ever submitted a tax return in Thailand out of interest?

@Luit ****************

when did I say you could be a manager

@Ayoub ********

You did not say, but you talked about Thai workers, and the average Thai worker needs a manager to do the work.